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Economic impact of Irrational Fear.....
HAMISH_MCTAVISH
Posts: 28,592 Forumite
Leveller posted this in another thread, and it got me thinking.....
Are the vast majority of people really "worried sick about their jobs"?
I'm not..... My wife isn't.... None of my friends are....
Oh sure, we all know that the employment market is slower than it used to be, I no longer get head hunted once a month, it's now once every couple of months, for example. So whilst I have no doubt that it would take longer to find a job if made redundant, I am sure I would manage just fine.
But the reality is that I know, as I would hope everyone else does, that 97% of the people working full time before a recession will still be working during and after it.
So the chances of losing a job in a recession and being unable to find another in a reasonable time are vanishingly small.
Yet some people, particularly the more pessimistic, seem to be very susceptible to this fear and allow it to overule common sense, especially in terms of spending habits, which if enough of them do likewise eventually makes it more likely they will lose their job.
Being in a recession does not make me change my spending habits, as objectively I know the chances are I'll be fine. But how many people think like that? And how many people succumb to irrational fear?
leveller2911 wrote: »The vast majority of people are worried sick about their jobs and as such the Housing market aint going up for at least a year or more......
Are the vast majority of people really "worried sick about their jobs"?
I'm not..... My wife isn't.... None of my friends are....
Oh sure, we all know that the employment market is slower than it used to be, I no longer get head hunted once a month, it's now once every couple of months, for example. So whilst I have no doubt that it would take longer to find a job if made redundant, I am sure I would manage just fine.
But the reality is that I know, as I would hope everyone else does, that 97% of the people working full time before a recession will still be working during and after it.
So the chances of losing a job in a recession and being unable to find another in a reasonable time are vanishingly small.
Yet some people, particularly the more pessimistic, seem to be very susceptible to this fear and allow it to overule common sense, especially in terms of spending habits, which if enough of them do likewise eventually makes it more likely they will lose their job.
Being in a recession does not make me change my spending habits, as objectively I know the chances are I'll be fine. But how many people think like that? And how many people succumb to irrational fear?
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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Oh dear Hamish..you are so not doing yourself any favours here.
OK, We all know you are fantagalistic and have a most perfect life in The Land of Dreams (though I have heard it is cold, wet and windy most of the year) but things can happen Hamish, at anytime, random, damn horrible things so you shouldn't crow. It's not good form.
Enjoy it for now, in the moment but please don't kid yourself it's because of you and how you are are...it's just as it is for now.
Industries change, having a few kids changes your priorities (from diner a deux a La Yo Sushi to counting pennies to pay for their education...the one you got for free when you were a kid) and all sorts.
Hamish, babe..........just pause fpr a moment because life can change at a snap...anytime, any moment and it's a sod when it does too.0 -
May I may be so bold to enquire: who is operating this puppet?HAMISH_MCTAVISH wrote: »Economic impact of Irrational Fear..... ?0 -
sock.puppet wrote: »May I may be so bold to enquire: who is operating this puppet?
Joint effort wageslave and chucky.0 -
sock.puppet wrote: »May I may be so bold to enquire: who is operating this puppet?
Me, if you listen to the half wit.
BTW which half wit are you?Retail is the only therapy that works0 -
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Break it up you two. I'm sure it's a love relationship really!
Edit: Plus you're sabotaging the profound point Hamish is trying to make.
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Actually I have just realised. You were miffed cause I said treliac was my girlfriend on my thankyou thread?0
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Mr.Broderick wrote: »You're in a good mood this evening.
I never understand men they imagine we are all good little women.
It is ok for you to be a total !!!! of a human being but I have to be nice?Retail is the only therapy that works0 -
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Mr.Broderick wrote: »Actually I have just realised. You were miffed cause I said treliac was my girlfriend on my thankyou thread?
I give up, I really do.
!!!! for fu cking brainsRetail is the only therapy that works0
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